The International Monetary Fund (IMF) is optimistic that the country will emerge stronger from the current economic challenges that have seen the prices of goods and services soar. The challenges have also led to difficulties for the government to access the international capital market for funds to finance development. The IMF said the country had […]
The International Monetary Fund (IMF) says a deal with Ghana should be reached and finalised before the end of the year. Already, very constructive discussions have been held and the fund is determined to work with the Ghana government and the Ministry of Finance to ensure that an agreement is in place before the end […]
The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova, says her outfit is willing to assist Ghana to put the country’s economy on a better footing. The Bulgarian economist made this known in a tweet on Friday, August 26, 2022. According to her, the IMF’s decision to support Ghana stems […]
Director-General of the Ghana Education Service (GES), Prof. Kwasi Opoku Amankwah, says a review of the Free Senior High School Policy is underway. This exercise, he reveals is geared at determining which of the cost components government can relinquish to parents to pay. “…we can do the analysis and then come up and say that, […]
The Mid-Year Review of the Budget Statement and Economic Policy of the Government and Supplementary Estimate for the 2022 financial year in Parliament has been postponed to July 27, 2022. The review is in pursuance of the Public Financial Management Act, 2016 (Act 921). The Majority Leader and the Leader of Government Business in Parliament, […]
Officials of the International Monetary Fund (IMF) will commence negotiations with the government today on a possible programme to support Ghana’s homegrown economic policies. The IMF team – led by the Mission Chief for Ghana, Carlo Sdralevich – will have in-person meetings with the Finance Ministry, the Economic Management and the Presidency from July 6 […]
The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial levy, the Ministry […]
A high-powered team from the International Monetary Fund (IMF) head office in Washington DC will be in Ghana on Tuesday to begin formal discussions for a new economic support programme for the country beginning Wednesday (July 6, 2022). The government will on Wednesday officially start preliminary negotiations into Ghana’s quest to seek a bailout from the fund. […]
A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team and the […]
The government is optimistic that the resort to the International Monetary Fund (IMF) will help stabilise the economy and restore buffers to make it stronger. It said it had been compelled to approach the IMF because the COVID-19 pandemic had depleted the buffers, throwing the economy into an 11 per cent deficit, against the regulated […]
It appears that calls for Finance Minister Ken Ofori-Atta’s head over Ghana’s current economic misfortunes may have come to naught. Government spokesperson, Kojo Oppong Nkrumah says justifications so far for Ken Ofori-Atta to step down are neither here nor there. Many critics including former President John Mahama have called for him to be sacked after […]
President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic programme, Joy Business can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicates that there had already been a conversation between the IMF boss, Kristalina […]
